Major banks rating | Citibank: The acquisition of the remaining equity of Kuaixun Logistics by jd.com is positive, maintaining a 'buy' rating.

Citibank published a research report indicating that jd.com's logistics announced an investment of up to 6.484 billion yuan to acquire the remaining 36.43% stake in Kuayue Express. The trade includes a price adjustment mechanism linked to performance, aiming for Kuayue Express to record profits of 2.15 billion and 2.35 billion yuan in the next two years. If the profits meet expectations, the pe will reach 8.3 and 7.6 times respectively. Citibank believes the trade valuation is reasonable, and the acquisition has a positive impact on jd.com’s logistics. The outlook for Kuayue Express's profitability is positive, which could also enhance jd.com’s logistics profitability and freight capacity. The recommendation for jd.com’s logistics is to "buy" with a target price of 19 Hong Kong dollars corresponding to the forecast of 20.

Gelonghui FinanceDec 9 23:24 ET

JD.com's Subsidiary to Acquire Further 36% Stake in Kuayue-Express Group

MT NewswiresDec 9 04:10 ET

Frost & Sullivan: Gives jd.com logistics (02618) a "buy" rating with a target price of 18.5 Hong Kong dollars.

jd.com logistics maintains its financial guidance unchanged and does not expect to increase expenditure due to acquisitions, with capital expenditure percentage expected to remain around 3% to 4%.

Zhitong FinanceDec 9 04:10 ET

JD Logistics' Kuayue Express Acquisition Likely to Strengthen Operations -- Market Talk

WSJDec 8 22:09 ET

Hong Kong Stock Market Morning Report on December 9: Jianyin International expects the central volatility of Hong Kong stocks to rise next year, and the Hong Kong Monetary Authority will strengthen financial cooperation with the Saudi Central Bank.

① cnbm plans to repurchase over 0.8 billion H shares at a premium, involving an investment of 3.4 billion Hong Kong dollars. ② Anti-government forces in Syria have invaded the capital Damascus, declaring the fall of the Syrian government. ③ Jianyin International expects the Hang Seng Index to fluctuate in the range of 18,000 to 23,000 points next year. ④ The Hong Kong Monetary Authority is having in-depth discussions with the Saudi Central Bank on strengthening financial cooperation between the two regions.

cls.cnDec 8 18:36 ET

JD.com logistics plans to fully acquire Kuaijie Express to intensify its investment in the B-end market.

① jd.com logistics intends to acquire the remaining 36.43% equity of Kua Yue Su Yun, with a total consideration not exceeding 6.48 billion yuan; ② Kua Yue Su Yun mainly focuses on B-end corporate clients, and its aviation resources, trunk network, etc., are a strategic supplement for jd.com logistics to expand the B-end market.

cls.cnDec 6 07:34 ET